https://www.taxtmi.com/caselaws?id=354625 The Appellate Tribunal allowed the appeal for the assessment year 2011-12, finding in favor of the assessee. The Tribunal deleted the additions made by the Assessing Officer for undisclosed purchases and unexplained expenditure under section 69C. This decision was based on the assessee's adequate explanation supported by documentation, including reconciliation statements and VAT returns. The failure of the CIT(A) to consider the remand report, which provided crucial evidence in support of the assessee, was deemed a violation of natural justice. The importance of adhering to principles of natural justice in tax proceedings was emphasized in the outcome. en-us Wed, 22 Nov 2017 00:00:00 +0530 Thu, 01 Feb 2018 06:44:59 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=354625 The Appellate Tribunal allowed the appeal for the assessment year 2011-12, finding in favor of the assessee. The Tribunal deleted the additions made by the Assessing Officer for undisclosed purchases and unexplained expenditure under section 69C. This decision was based on the assessee's adequate explanation supported by documentation, including reconciliation statements and VAT returns. The failure of the CIT(A) to consider the remand report, which provided crucial evidence in support of the assessee, was deemed a violation of natural justice. The importance of adhering to principles of natural justice in tax proceedings was emphasized in the outcome. Case-Laws Income Tax Wed, 22 Nov 2017 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=354625